FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W83947089> ?p ?o ?g. }

• W83947089 startingPage "32" @default.
• W83947089 abstract "Q. Is fee-based overdraft protection: a. A valuable customer service? b. A consumer rip-off? c. Vitamins for your bottom line? d. All of the above? Many banks provide free checking accounts for employees, and some traditionally kept a tight rein on them. At the erstwhile Texas Commerce, for instance, there was a strikes policy for employees who bounced checks. The first time an employee bounced, a former employee says, it meant a trip to the Personnel Department. The second time an employee bounced, it meant a trip to Personnel for both the employee and his boss. Finally, the third time around, the supervisor was supposed to escort the employee out the door. After all, the thinking went, responsible bankers are not supposed to be bouncing checks, which, aside from indicating personal mismanagement, is, in some jurisdictions, a crime. It hasn't been unusual for banks to consider check bouncing the financial equivalent of cause for excommunication. More than one has maintained a bounces and close the account rule for customers. Stories like this draw a rebuke from consultant Bill Strunk, president of Strunk Associates, L.P., www.strunklp.com. He declares that bankers aren't supposed to be preachers--judging their customers as if they were lost sheep who needed guidance--but simply providers of services, bringing those customers what they happen to need. Bankers have a cultural mindset that all people who overdraft are winos and derelicts, Strunk says. are taught and trained that NSFs are bad people. But I've discovered that NSFs are good, hardworking people who need a little wiggle room, or who need a hand when their car generators die on Friday and they're not getting paid until Monday. This isn't about fee income, Strunk adds. about customer service. Bouncing up, up, up Fee-based overdraft programs, such as those promoted by Strunk's firm, have been burgeoning in popularity among bankers, especially community bankers, for several years. It is rare to attend any meeting of community bankers where an overdraft program isn't mentioned as a profit-building idea. Not the lines of credit attached to checking accounts, but the programs that permit customers to overdraft for a fee. While many consultants have joined the fray, three besides Strunk's firm dominate the mix: John M. Floyd & Associates, www.johnmfloydandassoc.com, and Pinnacle Financial Strategies, www.pinnaclefinancialstrategies.com, both in Houston, as is Strunk's firm; and Alex Sheshunoff Management Services, L.P., www.ashesh.com, Austin, Texas, whose overdraft program is endorsed, as part of a suite of consulting services, by ABA. Generally, these programs allow customers to overdraw up to a certain dollar amount and pay a fee, rather than interest, each time they do so, up until the limit. They are also generally required to bring their balance back up within a short period. The ads for some companies' overdraft products promise results that would make banker's mouth water. And, in the latest edition of the ABA/ABA BJ Community Bank Competitiveness Survey, 43.4% of the sample offered fee-based overdraft plans, with 70.6% of those banks stating that the programs were significant contributors to revenue. If profitability were the only issue, where's the problem? It's hardly a sin. However, horror stories about overdraft plans have appeared in prominent publications and on noted television programs. And even before that, the Federal Reserve Board began asking if fee-based overdraft plans (which it referred to as bounce protection, a term that Pinnacle's Gillen says his firm has rights to) ought to be pulled under Regulation Z (Truth in Lending Act) as a form of credit plan. In March the Fed's Consumer Advisory Council was scheduled to evaluate the issue, and the more than 200 comment letters filed about it. …" @default.
• W83947089 created "2016-06-24" @default.
• W83947089 creator A5018234346 @default.
• W83947089 date "2003-04-01" @default.
• W83947089 modified "2023-09-26" @default.
• W83947089 title "Follow the Bouncing Check" @default.
• W83947089 hasPublicationYear "2003" @default.
• W83947089 type Work @default.
• W83947089 sameAs 83947089 @default.
• W83947089 citedByCount "0" @default.
• W83947089 crossrefType "journal-article" @default.
• W83947089 hasAuthorship W83947089A5018234346 @default.
• W83947089 hasConcept C10138342 @default.
• W83947089 hasConcept C111472728 @default.
• W83947089 hasConcept C124952713 @default.
• W83947089 hasConcept C127413603 @default.
• W83947089 hasConcept C138885662 @default.
• W83947089 hasConcept C142362112 @default.
• W83947089 hasConcept C144133560 @default.
• W83947089 hasConcept C162853370 @default.
• W83947089 hasConcept C2777020290 @default.
• W83947089 hasConcept C2778120072 @default.
• W83947089 hasConcept C2778491294 @default.
• W83947089 hasConcept C2780378061 @default.
• W83947089 hasConcept C55923875 @default.
• W83947089 hasConcept C78519656 @default.
• W83947089 hasConceptScore W83947089C10138342 @default.
• W83947089 hasConceptScore W83947089C111472728 @default.
• W83947089 hasConceptScore W83947089C124952713 @default.
• W83947089 hasConceptScore W83947089C127413603 @default.
• W83947089 hasConceptScore W83947089C138885662 @default.
• W83947089 hasConceptScore W83947089C142362112 @default.
• W83947089 hasConceptScore W83947089C144133560 @default.
• W83947089 hasConceptScore W83947089C162853370 @default.
• W83947089 hasConceptScore W83947089C2777020290 @default.
• W83947089 hasConceptScore W83947089C2778120072 @default.
• W83947089 hasConceptScore W83947089C2778491294 @default.
• W83947089 hasConceptScore W83947089C2780378061 @default.
• W83947089 hasConceptScore W83947089C55923875 @default.
• W83947089 hasConceptScore W83947089C78519656 @default.
• W83947089 hasIssue "4" @default.
• W83947089 hasLocation W839470891 @default.
• W83947089 hasOpenAccess W83947089 @default.
• W83947089 hasPrimaryLocation W839470891 @default.
• W83947089 hasRelatedWork W110745219 @default.
• W83947089 hasRelatedWork W126368504 @default.
• W83947089 hasRelatedWork W1496501332 @default.
• W83947089 hasRelatedWork W149871101 @default.
• W83947089 hasRelatedWork W172820999 @default.
• W83947089 hasRelatedWork W210716146 @default.
• W83947089 hasRelatedWork W215013034 @default.
• W83947089 hasRelatedWork W24996384 @default.
• W83947089 hasRelatedWork W260126564 @default.
• W83947089 hasRelatedWork W281082399 @default.
• W83947089 hasRelatedWork W295778277 @default.
• W83947089 hasRelatedWork W2992034035 @default.
• W83947089 hasRelatedWork W2992223724 @default.
• W83947089 hasRelatedWork W304468794 @default.
• W83947089 hasRelatedWork W315953427 @default.
• W83947089 hasRelatedWork W344966537 @default.
• W83947089 hasRelatedWork W99925030 @default.
• W83947089 hasRelatedWork W185084008 @default.
• W83947089 hasRelatedWork W2341867785 @default.
• W83947089 hasRelatedWork W2993231511 @default.
• W83947089 hasVolume "95" @default.
• W83947089 isParatext "false" @default.
• W83947089 isRetracted "false" @default.
• W83947089 magId "83947089" @default.
• W83947089 workType "article" @default.